Author: Lucas

LAHORE: As much as 60% of Pakistan’s total tax revenue comes from a single sector – the large-scale manufacturing (LSM), which highlights the imbalance in the tax system. The burden on this single sector is four times higher than the rest of the economy, leaving it struggling to breathe and as a result, the manufacturing industry is on the decline rather than showing growth each year. These remarks were made by former federal finance minister Dr Hafiz A Pasha during a speech at the Lahore Chamber of Commerce & Industry (LCCI). Pasha noted that Pakistan had several sectors with high…

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you…

Gold and silver prices continued their downward slide on Monday, extending a three-day losing streak that has surprised many traders. Despite recent optimism in global commodity markets, the latest movement suggests growing caution among investors amid shifting global cues.Prices of precious metals have been dipping for the past three days after showing strong optimism earlier in the gold market.Add Zee Business as a Preferred SourceGold is currently hovering around Rs 1,22,802, down 0.61 per cent. The metal is Rs 760 lower today, compared to the previous close of Rs 1,23,561 on MCX.Gold’s sharp downward trend has drawn investor attention, with…

Failed asylum seekers and foreign criminals are set to be offered more money to leave the UK as part of a radical overhaul of the system.Labour will trial “increased incentive payments” to convince people to return to their home countries.Migrants are currently offered up to £3,000 to leave the UK voluntarily.And the Home Office is set to spark fury amongst Labour supporters by targeting families whose asylum claims have been refused for deportation.Under the Government’s plans, asylum seekers will only be granted temporary protection in the UK, with reviews every 30 months to determine whether their home country is safe…

Stocks opened lower and recovered briefly but slid through the afternoon to begin a big week for economic reporting and an even bigger one on the earnings front. With data distributed by the federal government starting to flow again, investors, traders and speculators are fixating on what the leader of the AI revolution will say about its most recently completed quarter.The Census Bureau announced late Friday that it would publish August construction spending data today, as it updates its release calendar in the aftermath of the government shutdown. The agency will provide the release schedule as soon as it becomes…

Bangladeshi companies are investing more money abroad than before, even though they are sending out less brand-new capital, suggesting that local firms are becoming more confident about doing business beyond the border. According to the latest data from Bangladesh Bank, the country’s outward foreign direct investment (OFDI) reached $35.04 million in fiscal year 2024-25 (FY25) – a major turnaround from the previous year, when more money flowed into Bangladesh than out, resulting in a net inflow of $2.78 million. For all latest news, follow The Daily Star’s Google News channel. This shift has roots in a 2015 amendment to the…

Cars For Sale Stock Lot Row. Car Dealer InventorygettyIn the times we are in, it’s interesting to chart the course of AI-inspired transportation technologies, and try to predict when fully autonomous vehicles will be here.You can read about existing programs at flagship companies like GM and Penske, or turn to academia. For example, there’s this report from MIT Sloan, which indicates that AI will soon automate $65 billion in transportation work, making previously labor-intensive processes a lot easier, and unlocking efficiencies in getting people and cargo where they need to be.“Today, the transportation industry has reached a remarkable stage where…

NEW DELHI: Well, if we dwell on the history of induction lamps, then we will find that these lamps are present today for around a hundred years. These lamps have been the foundation of the fundamentals of lighting system for a pretty long time now. But, today with the intervention of technology and eco-friendly lighting systems, people are cutting themselves from the induction lighting solutions. However, most people don’t realize that induction lighting solutions are one of the most important modern lighting methods. They are a very interesting way to improve the lighting structure of industrial places. For the industrial…

Open this photo in gallery:Duke Energy’s Oconee Nuclear Station in Seneca, S.C. The company is investing in electric grid upgrades and cleaner generation, including nuclear power.Liz Hampton/ReutersWe have some first-rate utility companies in Canada, such as Fortis FTS-T, Hydro One H-T, Canadian Utilities CU-T and Emera EMA-T.But sometimes it’s worthwhile looking beyond our borders. American utilities offer diversification and dependable U.S. dollar cash flow. Some also provide exposure to the resurgent nuclear energy business.Here are two U.S. utilities that we have recommended in my Income Investor newsletter. Prices are as of Nov. 14. The Southern Company (SO-N)Type: U.S. common stock…

Most readers who follow my content will know how bullish I’ve been on Fortis (TSX:FTS) over the course of the past decade. It turns out this view has been a very profitable one, for those who put capital to work and let it sit there. Over the course of the past decade, Fortis’ dividend has roughly doubled, while its stock has headed up and to the right in an impressive fashion. Indeed, looking at the stock chart above and the impressive move Fortis has made over the past five years (exclusive of dividends), this is a stock that long-term investors…